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Apple’s Main Chipmaker Delivers Dour Outlook, Underscoring Smartphone Worries, Growth Concerns
In case you needed any more evidence to support the contention that the global economy is slowing, t
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I believe the trend. To me, the unresolved issue is how to much to attribute to reasons for the slowdown that have different implications for the rest of the economy. In other words, the demand for iPhones is down for some combinations that include (a) slowing global economic growth, (b) market saturation, as a greater percentage of the population owns a smartphone, and (c) a less compelling product offering, as Apple fails to offer much value for newer and more expensive models. I think all three factors are at work. Twenty years ago we all lived and died by looking at growth in the PC market. Now, it still matters. But its not the tip of the sword. So the question for the rest of the market is how much of thes is specific to Apple, how much is specific to smartphones, and how much is attributable to global economic conditions?